July 26, 2007

Estonia leads in export growth

TALLINN - Estonia is leading the Baltics in export growth, as exports have increased in the last five years by 2.1 times, compared to a two-fold growth in both Latvian and Lithuanian exports, according to Statistical Office data. Imports have at the same time kept pace, showing an increase in volume by 2.1 times in both Estonia and Latvia, while in Lithuania the increase was slightly less, at 1.9 times.

Despite strong continued growth in imports for 2006, a slight slowdown in export growth had a negative impact on Estonia’s foreign trade balance.